REGISTERED NUMBER: 12897200 (England and Wales)

BECQUEREL VENTURES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Vicent Peris

Mr H D D C Beamish

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

12897200 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

407,585

2,864,109

407,585

2,864,109

CURRENT ASSETS

Debtors

6

2,143,527

1,134,978

Cash at bank

4,276

819

2,147,803

1,135,797

CREDITORS

Amounts falling due within one year

7

84,615

47,712

NET CURRENT ASSETS

2,063,188

1,088,085

TOTAL ASSETS LESS CURRENT LIABILITIES

2,470,773

3,952,194

CAPITAL AND RESERVES

Called up share capital

10,306

9,306

Share premium

8

9,385,768

8,126,768

Retained earnings

8

(6,925,301

)

(4,183,880

)

SHAREHOLDERS' FUNDS

2,470,773

3,952,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mr J Vicent Peris - Director

1.	STATUTORY INFORMATION

Becquerel Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% straight line on cost

Fixed asset investments

Fixed asset investments are measured and held at fair value.

The fair value of these investments is based on the transaction price that would be received on an open market. If the fair value of investments cannot be measured reliability then the investments are held at cost less impairment.

Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying

amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

Financial liabilities

Financial liabilities are initially measured at fair value and then at amortised cost.

At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Foreign currencies

Transactions in currencies other than the functional currency of the Company are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at closing exchange rates.

Gains and losses arising on retranslation of monetary assets and liabilities are included in the profit and loss account.

Going concern

The Directors have assessed the Company and its wider entities prospects until 30 September 2024, taking into consideration the current operating environment, including the impact of geopolitical and macroeconomic uncertainty and inflationary pressures on markets.

The entity has undergone a significant refinancing and recapitalisation during the year which has resulted in the satisifaction of several liabilities which were due for payment within the next 12 months of the reporting date.

The Director's have also prepared financial models which considers the entities profit, cash flows, regulatory capital requirements, borrowing covenants and other key financial metrics over the period.

Based on the results of the financial modelling, the Directors expect that the entity will be able to continue in operation and meet its liabilities as they fall due over the 12 months from the approval of the financial statements.

Accordingly, the Directors continue to adopt the going concern basis for the preparation of the financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2024

and 30 September 2025

2,214

DEPRECIATION

At 1 October 2024

and 30 September 2025

2,214

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Other investments not loans

407,585

2,864,109

Additional information is as follows:

Unlisted

investments

£

COST OR VALUATION

At 1 October 2024

2,844,404

Impairments

(1,884,992

)

Exchange differences

(571,532

)

At 30 September 2025

387,880

NET BOOK VALUE

At 30 September 2025

387,880

At 30 September 2024

2,844,404

Cost or valuation at 30 September 2025 is represented by:

Listed

Unlisted

investments

investments

Totals

£

£

£

Valuation in 2022

142,839

2,466,247

2,609,086

Valuation in 2023

(135,057

)

302,273

167,216

Valuation in 2024

(7,782

)

75,884

68,102

Valuation in 2025

-

(2,456,524

)

(2,456,524

)

-

387,880

387,880

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Artwork

19,705

19,705

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,143,527

1,134,978

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

53

Other creditors

84,615

47,659

84,615

47,712

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 October 2024

(4,183,880

)

8,126,768

3,942,888

Deficit for the year

(2,741,421

)

(2,741,421

)

Cash share issue

-

1,259,000

1,259,000

At 30 September 2025

(6,925,301

)

9,385,768

2,460,467